https://www.taxtmi.com/caselaws?id=89685 A prima facie case was found for waiver of pre-deposit and stay of recovery in a dispute over alleged wrongful availment of Modvat credit on goods covered by an exemption notification. To protect revenue, the appellant was directed to freeze Rs. 10 lakhs in its RG 23A or RG 23C account within one month. On compliance with that condition, the pre-deposit requirement stood waived and recovery was stayed. en-us Tue, 29 Dec 1998 00:00:00 +0530 Thu, 29 Sep 2011 10:37:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89685 A prima facie case was found for waiver of pre-deposit and stay of recovery in a dispute over alleged wrongful availment of Modvat credit on goods covered by an exemption notification. To protect revenue, the appellant was directed to freeze Rs. 10 lakhs in its RG 23A or RG 23C account within one month. On compliance with that condition, the pre-deposit requirement stood waived and recovery was stayed. Case-Laws Central Excise Tue, 29 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89685